PHILIPPINE REAL ESTATE and RELATED NEWS in and around the country . . .

Robinsons Land to build mall, hotel in Butuan City

Posted on May 23, 2012 08:59:10 PM [ BusinessWorld Online ]

ROBINSONS LAND Corp. is looking to expand its presence in Mindanao in roughly a year’s time by building a mall and budget hotel in Butuan City, tapping what is said was an increasingly progressive location in the region.

The Gokongwei-led developer announced in a statement it was beefing up its portfolio in southern Philippines through Robinsons Place Butuan and Butuan, both of which are expected to open in the third quarter of 2013.

Upon completion, the two developments will have a total combined gross floor area of 45,300 square meters, Robinsons Land said.

Butuan’s business-friendly environment was seen as a main factor in the company’s decision to build its fourth Mindanao mall there.

“Butuan is a progressive city that is increasingly becoming the commercial and business hub of northeastern Mindanao. We are glad to be part of its development through this project that will surely generate thousands of employment and attract even more investments into the city,” said Arlene G. Magtibay, commercial centers division general manager.

The mall will rise on a property along J. C. Aquino Ave. in Barangay Bayanihan and will feature shops, restaurants, and four cinemas, including Agusan del Norte province’s first 3-D (three-dimensional) film theater.

Main mall anchors will include Robinsons Supermarket, Robinsons Department Store, Handyman, Robinsons Appliances, and Robinsons Bank.

Robinsons Land is aiming to open two more malls this year: Robinsons Place Palawan and Robinsons Place Magnolia, following the opening of Robinsons Place Calasiao in Pangasinan last March.

Meanwhile, a 100-room branch will also be built near Robinsons Place Butuan to serve the city’s local tourist market.

“ Butuan will cater to both business and leisure travelers,” said Elizabeth D. Gregorio, general manager.

Earlier this year, Robinsons Land further expanded its budget hotel network to the provinces by opening hotels in Puerto Princesa, Tacloban, and Dumaguete cities, adding to the 223-room flagship Cybergate Plaza in Mandaluyong. -- Franz Jonathan G. de la Fuente

real estate central philippines
Copyright ©2008-2018